Senate Begins Move To Separate NFIU from EFCC

Written by on July 20, 2017

Senators yesterday began moves to make the Nigerian Financial Intelligence Unit (NFIU) independent of the Economic and Financial Crimes Comission (EFCC).

The Senate Committee on EFCC is to articulate a bill within four weeks for the immediate autonomy of NFIU, which is domiciled in the EFCC.

The decision was taken after a debate on Nigeria’s suspension from the Egmont Group of Financial Intelligence Units.

The Senate blamed Attorney General and Minister of Justice Abubakar Malami, Interior Minister Abdulrahman Danbazzau and EFCC Acting Chair Ibrahim Magu for Nigeria’s suspension.

The Senate also said it was ready to do everything necessary to reverse Nigeria’s suspension moreso when “the group warned that if Nigeria fails to comply with the group’s demands for a legal framework granting autonomy to the NFIU by January 2018, the country will be expelled from the global body”.

The Senate said it was concerned that in view of the “non-cooperating stance of the executive branch”, the legislative branch would have to urgently leverage its institutional mechanism to ensure that Nigeria’s suspension from the EGMONT Group was reversed.

Senate President Bukola Saraki said the Senate would work swiftly to ensure that the suspension was lifted.


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